Fredomago
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Leading Crypto Sports Betting & Casino Platform
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February 19, 2018, 12:40:07 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Charts are very useful in all kind of data gathering for analysis. For the price of BTC and other altcoins charts move according to the volume of supply and demand. So you can predict the price of BTC and when to invest according to the movement of the chart. It is helpful to predict or assess what can be the possibility as numbers will give a good chance if what direction the coin will be moved, supply and demands can be determine using charts, as a beginner i usually try to understand how the flow goes using figures and charting, very useful if you will analyze well and find the possibilities. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Harlot
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February 19, 2018, 12:50:26 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
What you have said that your trades depends on Supply and Demand, and News are also part of Chart Analysis/ Technical Analysis. Technical Analysis also involves outside of what you see in the charts. Like News it can serve as your catalysts or a confirmation if your prediction will more likely to happen or not. People say that Technical Analysis don't work on a volatile market, the answer is they are wrong as Technical Analysis is also a study of a trader's previous action/ behavior which will help us predict future price movements of it. |
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lynlyn
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Activity: 243
Merit: 10
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February 19, 2018, 12:55:48 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Charts are very useful in all kind of data gathering for analysis. For the price of BTC and other altcoins charts move according to the volume of supply and demand. So you can predict the price of BTC and when to invest according to the movement of the chart. Youre right mate the Chart is very useful to us so that we have a basis and information if what going wrong for the volatile movement of a bitcoin.This is also our information if when are we going to buy or sell our tokens and coins. |
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Abete
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Activity: 252
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February 19, 2018, 12:56:28 PM |
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maybe 50-50, when we read an analysis of someone, we can also analyze, analyze it. we can compare with various sources that exist, did not rule out our analysis can also be a reference.
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loragean03
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February 19, 2018, 12:57:36 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
chart analyst are expert on how do they read the chart in crypto currency, and mostly they can predict 60% of just what happens next for another months or years. but theres a 40% failed. meaning its not really constant. after all things happens these past months and last quarter of the year 2017. I think chart analyst cannot predict what will happen next in bitcoin or altcoins after the all time price dropped. maybe you can decide by yourself and don't need to be advice of some expert to predict the future of all coins. |
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bitcoindian
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Activity: 224
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February 19, 2018, 01:01:50 PM |
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Technical analysis won't work in cryptocurrency market is still very young in market lot of money should come to market in order to raise
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carlbreezy
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Activity: 106
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February 19, 2018, 01:18:49 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
It's good to learn technical analysis while also monitoring the demand and supply. You're also right that news can affect btc's price. Bottomline don't just depend on charts. |
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Violetta999
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Activity: 56
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February 19, 2018, 01:20:53 PM |
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Believe, but not always. Just looking at situation on market and then take decisions.
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megynacuna
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February 19, 2018, 01:33:04 PM |
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I refer chart analyst before moving further. I believe in it. The chart is prepared with either annually / half yearly /quarterly and etc growth ratio. The old data trend is studied and current chart is prepared. Current news or any new incidents may surely affect the growth and have a bit change in chart. But if you look at, you will have 70 percentage is true as per the chart analyst.
I don't think they actually tell the whole story and so i don't necessarily follow the charts in making my future decisions on bitcoin because they are all speculations and could go either way at any time but i rather prefer to follow my instincts rather than what is put out there based on previous happenings. |
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Hagmonar
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February 19, 2018, 01:37:51 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
me personaly i dont trust that analysis most of them are wrong and they are doing that bacause they are a good blogger or youtube blogers. in that way they can promote there blog and youtube channel. |
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Crypto_trader87
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February 19, 2018, 01:47:27 PM |
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most of the analys are just a predictions it doent mean that yyou have to trust them with all your money. they ere there for just a guide and they are just predicting base on the past record of the coins that you want to invest.
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pendekar cinta
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February 19, 2018, 01:51:52 PM |
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Actually I do not really believe about graphics analysis because the price could have increased and decreased at any time with the support of enthusiasts who begin to make offers and requests greatly determines the price of a bitcoin.
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Borisov
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February 19, 2018, 05:05:40 PM |
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Unfortunately now every the second "analyst", and some known analysts - are sold and specifically give such forecasts, that would on backdrop of their news and reputation, the price coin soared to the moon . first of all , you need to think for yourself, and not trust all sorts of analysts ! especially since a lot of scams!
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SirTradeX
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Activity: 50
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February 19, 2018, 05:09:59 PM |
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I don't trust them at all. They can be used as guidelines if everything is running perfectly. This maket is too volatile tho. Every news has a potential to either increase the value or decrease it.
Until there is fear in this market, nothing can be trusted unfortunately..
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nelson4lov
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February 19, 2018, 05:24:23 PM |
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The Crypto space used to be all about the technical analysis, charts etc but with the high rate of volatility in recent times (Thanks to the increase in the number of users of Cryptocurrencies), It's now about the fundamental analysis that's where stuffs like hype, news, fuds and everything other characteristics of the Crypto market that we see today falls under. Charts helps, It does give us a sense about the Crypto market using previous history and patterns.
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flashmark
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Activity: 266
Merit: 11
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February 19, 2018, 05:32:57 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Yes. If you check the past history of any of the coin, you see how those were responded to support and resistance. I believe both TA and FA. |
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andrew1carlssin
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#Please, read:Daniel Ellsberg,-The Doomsday *wk
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February 19, 2018, 05:37:54 PM |
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For crypto market at current size no ... for myself the analogy is ...
Try to analyse the size of the universe before Hubble ...
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Satoshi's book editor; SCIpher - https://pdos.csail.mit.edu/archive/scigen/scipher.html
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severaldetails
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February 19, 2018, 05:45:17 PM |
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Chart analysis involves a big part of psychology. Many people react in the same way over and over again when they are under pressure. And the charts often draw an image of that. The problem is that many people are now capable of analyzing the chart exactly for those patterns. And exactly because many people know and act on it, I think the analysis itself is not so accurate anymore.
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drm
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February 19, 2018, 05:47:36 PM |
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It might give you some insight but I don't take it that serious. A chart is just a chart, the market is a different beast.
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playerbtc
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February 19, 2018, 05:50:07 PM |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
If i am not wrong chart analyst is nothing but a software systen which works according to the historical data and follow a simple alogorythm of the movement of btc against the period. Thats i personally believe, and i also agree with you for not to trust them cause i believe every investor shoudk have their own strategy to follow. Like to follow the market for btc when any trade house have red signs against btc then its consider to be the best time to invest to get the short time arbrirtage profit. That is a rule of thumb only trade analyst can help to make any decisions but to follow it blindly wont be a good idea. |
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